International Unemployment Day 2023: Know Date, History and Significance of the Global Event

According to records, the marches were organized by Communist International and coordinated by its various member parties. As we celebrate International Unemployment Day 2023, here’s all you need to know about the day.

International Unemployment Day 2023 (File Image)

Every year, International Unemployment Day is celebrated on March 6. In the year 1930, this day was a coordinated international campaign of marches and demonstrations. Thousands of people in major cities around the world took to the streets and protested mass unemployment associated with the Great Depression. According to records, the marches were organized by Communist International and coordinated by its various member parties. As we celebrate International Unemployment Day 2023, here’s all you need to know about the day. Unemployment Rates Fall in India From 5.8% in 2018-19 to 4.2% in 2020-21, EPFO Subscribers Increased to 13.2 Lakh: Economic Survey 2022-23.

International Unemployment Day History

In 1930, unemployment had become a mass phenomenon after a stock market crash led to the fall of interlocked capitalist economies of the world. This led to the economic boom of the 1920s is just a mere memory. Due to this, unemployment became a mass phenomenon. The Executive Committee of the Communist International (ECCI) in Moscow was preoccupied with the worsening economic crisis from its outset. A proposal was made in ECCI to establish March 6, 1930, as an "international day" of protest against unemployment. The decision of the same was taken at ECCI's session of January 16. The campaign was further developed by a conference of representatives of Communist parties held in Berlin on January 31.

Earlier,  February 26, 1930, was decided to be the day to mark the protest, however, the date did not allow sufficient time for preparation. The Executive Committee of the Comintern had postponed International Unemployment Day – moving the event back eight days to March 6.

International Unemployment Day Significance

International Unemployment Day gave people the opportunity to come together and fight for their rights. As unemployment had become a mass phenomenon after a stock market crash, people carried out demonstrations across the world. Soon after, a proposal was made in the Executive Committee of the Communist International (ECCI) in Moscow, to establish March 6, 1930, as an "international day" of protest against unemployment.

(The above story first appeared on LatestLY on Mar 07, 2023 03:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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